Waterfront Commercial Property Development
For Sale
Contact for pricing
990 Naugatuck Ave, Milford, CT 06461
Two adjacent waterfront parcels ideal for development in Milford, CT.
Property Size21,418 SF
Lot Size8.03 Acres
Price / SF$374.92
Days on Market2148
Property Features for 990 Naugatuck Ave
General Information
Standard status
Active
Size
21,418 SF
Lot size
8.03 Acres
Property subtype
Industrial, Land
Zoning
Housatonic Design District (HDD)
Building Details
Year Built
1920
Buildings
3
Listing Agency:
Angel Commercial LLC
Listed By:
Jon Angel · License #REB.0755898
(203) 335-6600
Source:
Crexi
Added: Oct 20, 2020
Changed: Sep 5
Last Checked: Sep 5 at 6:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Angel Commercial LLC
Investment Insights
Based on property information with market context.
Two adjacent waterfront parcels are available for sale, presenting a development opportunity within the Housatonic Design District (HDD Zone) in Milford, CT. The offering includes 2.32 acres of vacant land at 0 Naugatuck Avenue and 5.71 acres at 990 Naugatuck Avenue, which contains three commercial buildings totaling 21,418 square feet constructed in 1920. The existing buildings can be renovated or demolished. The HDD Zone permits various uses, including industrial, office, computer centers, vocational training schools, restaurants, self-storage facilities, and scientific & research laboratories. Hotels and motels may be permitted with a special permit. The property is located along the Housatonic River, near Linwood Park, Marriott Residence Inn, Ocean State Job Lot, McDonald's, and Dunkin'. It offers accessibility to I-95 (1.4 miles to Exit 33), the Merritt/Wilbur Cross Parkway connector (4 miles), the Stratford Metro-North Train Station (3 miles), and the CT Transit bus stop at the corner of Bridgeport Avenue and Lansdale Avenue (1 mile).
Key Highlights
- Prime waterfront location on the Housatonic River, ideal for development.
- Two adjacent parcels totaling 8.03 acres, featuring 2.32 acres vacant and 5.71 acres with existing buildings.
- Located within the Housatonic Design District (HDD Zone) allowing for diverse commercial uses.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 06461, CT
14,734
Population
6,093
Households
2.4
Avg Household Size
47
Median Age
48%
College-Educated
94%
High-School Grad
9.7 sq mi
ZIP Area
1,519
Density / Sq Mi
$124,129
Median Household Income
$62,124
Median Earnings
$1,964
Median Rent
$395,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two adjacent waterfront parcels ideal for development in Milford, CT.
Where is this commercial land located?
The property is located at 990 Naugatuck Ave Milford, CT.
What is the asking price?
The asking price for this property is $8,030,000.
What are key features of this property?
This property features: Prime waterfront location on the Housatonic River, ideal for development.; Two adjacent parcels totaling 8.03 acres, featuring 2.32 acres vacant and 5.71 acres with existing buildings.; Located within the Housatonic Design District (HDD Zone) allowing for diverse commercial uses.
